A Director at Carpenter Technology (NYSE: CRS) is Selling Shares

Today, a Director at Carpenter Technology (CRSResearch Report), Steven Karol, sold shares of CRS for $275K.

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Based on Carpenter Technology’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $641 million and quarterly net profit of $48.4 million. In comparison, last year the company earned revenue of $618 million and had a net profit of $42.4 million. The company has a one-year high of $60.78 and a one-year low of $32.77. CRS’s market cap is $2.62B and the company has a P/E ratio of 16.01.

The insider sentiment on Carpenter Technology has been positive according to 41 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Carpenter Technology Corp. engages in the manufacture, fabrication, and distribution of specialty metals. It operates through the Specialty Alloys Operations and Performance Engineered Products segments. The Specialty Alloys Operations segment comprises of major premium alloy and stainless steel manufacturing operations.